USDCAD is expected to break through 1.414.

On the daily chart, USDCAD rebounded and stabilized after testing the upward trend line, indicating a short-term bullish trend. Currently, watch for support around 1.406; a pullback and stabilization above this level could present buying opportunities. Resistance is seen around 1.414, with further resistance around 1.430 after a break above this level.